OPEC | The Asian Age

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Rise in oil prices defied global stock markets, which slumped on back of worries about a trade stand-off between US and China.

Oil rises more than 1 pc as Saudi says production curbs could last into 2019

US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.

23 Mar 2018 11:38 AM

Brent crude futures were at $65.85 per barrel, down 36 cents, or 0.5 per cent.

Oil prices fall as increased US drilling points to higher output

US crude oil production has risen by more than a fifth since mid-2016, to 10.38 million barrels per day.

19 Mar 2018 10:21 AM

Diesel prices on Tuesday Kolkata, Mumbai and Chennai were Rs 62.96, Rs 65.65, Rs 67.05 and Rs 66.39, respectively.

Petrol, diesel prices marginally higher for sixth straight day

Petrol prices in Mumbai were Rs 80.26 against Rs 80.19 in the previous day.

06 Mar 2018 2:05 PM

Prices are close to the highest since December 2014.

Opec worried about US shale flooding market

Oil prices edged higher after the report was released to trade above $69 a barrel and later steadied.

19 Jan 2018 2:05 AM

International benchmark for oil prices, have risen by more than 50 per cent since mid-2017.

As oil hits USD 70, warning lights flash up in Asia

World’s biggest crude consuming region, Asia, is showing signs of an impending downward correction.

12 Jan 2018 2:06 PM

Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents.

Oil prices close to mid-2015 highs, but doubts over further rises loom

US oil production has risen by almost 16 per cent since mid-2016, hitting 9.75 million bpd at the end of last year.

03 Jan 2018 10:49 AM

Over the past three months, crude oil prices have increased by about 28 per cent from USD 52.3 per barrel in August-end.

Govt under pressure to cut excise duty on auto fuels: Icra

Brent prices have jumped 40 per cent to around USD 67 per barrel this month from USD 48 in November 2016.

29 Dec 2017 3:44 PM

US crude touched $59.05 a barrel on Friday, the highest level since mid-2015, fuelled by the outage of the Keystone pipeline.

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

Brent futures had fallen to $63.65 a barrel down 19 cents, or 0.3 per cent, from their previous close.

28 Nov 2017 11:25 AM

In the first five months of 2017, India's oil imports from Iran still jumped about 64 per cent, the data showed.

India's oil imports from Iran plunge over gas field row

India plans to order about a quarter less Iranian crude due to a snub over development of Iran's Farzad B gas field.

15 Jun 2017 4:48 PM

Global benchmark Brent crude for July was down 31 cents at $51.74 a barrel by 11.13 GMT (7.13 am ET). US crude for June was down 24 cents at $49.09 a barrel.

Oil price may dip below $50

It’s under pressure after growth in Chinese manufacturing slowed faster than expected.

02 May 2017 6:06 AM

OPEC is an umbrella organisation for oil producing countries.

Global oil supplies up, but OPEC abides by output cut: IEA

In November last year, OPEC countries had agreed to cut output by 1.2 bpd from January 1.

15 Mar 2017 3:44 PM

Nearly dozen other countries pledged an additional 558,000-barrel cut in oil output.

OPEC 'confident' countries to meet oil output cuts

Crude oil sold for over $100 a barrel in summer of 2014, before bottoming out below $30 a barrel in Jan 2016.

12 Jan 2017 2:25 PM

US West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $52.58 per barrel.

Oil prices edge up tighter supply outlook

OPEC to cut crude supplies from this month in an effort to end global oversupply that has dogged markets for over two years.

04 Jan 2017 10:15 AM

Brent crude oil prices LCOc1 were trading up 31 cents, or 0.55 per cent, at $57.13 a barrel.

Oil prices rise as markets eye on production cuts

Non-OPEC member Russia's oil production in December remained unchanged at 11.21 million bpd.

03 Jan 2017 8:17 AM

Brent futures LCOc1 for February delivery dropped 30 cents to $54.75 a barrel after ending the previous session up 59 cents, or 1.1 per cent.

Oil prices fall on profit taking, strong dollar

A strong dollar makes greenback-denominated commodities including oil more expensive for holders of other currencies.

23 Dec 2016 7:41 AM

A weaker dollar makes greenback-denominated commodities including oil cheaper for holders of other currencies.

Oil prices up on weaker dollar, optimism on output cuts

Brent LCOc1 futures for February delivery climbed 17 cents to $54.63 a barrel, having previously finished 89 cents lower.

22 Dec 2016 7:59 AM

So far only Russia and Oman have pledged cuts, with one OPEC source saying Mexico could also contribute as much as 150,000 bpd.

Saudis order oil cuts to US, Europe before non-OPEC talks

Iraq and Kuwait have committed to cuts to their oil outputs of 210,000 bpd and 131,000 bpd respectively under the OPEC deal.

10 Dec 2016 12:29 PM

OPEC and non-OPEC oil producers will meet again this weekend in Austria's capital to discuss the details of last week's agreement.

Oil prices rise on US crude stock decline

International Brent crude futures were trading up 4 cents at $53.04 a barrel.

08 Dec 2016 11:34 AM

Brent futures slid $1.01 to settle at $53.93 a barrel, while US West Texas Intermediate (WTI) crude futures fell 86 cents to $50.93 per barrel.

Oil falls on output cut skepticism, OPEC output rise

Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.

07 Dec 2016 7:43 AM

Non-OPEC producers are expected to agree to add an output cut of 600,000 bpd in Vienna on December 10.

Oil retreats on doubts OPEC cuts can ease glut

Brent crude settled at $54.94 a barrel, up 48 cents - or 0.88 per cent - before retreating to $54.22 a barrel.

06 Dec 2016 7:49 AM

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Farrukh Dhondy